Bookbuilding IPO | ₹980 Cr | Listed at BSE, NSE | Mon, Feb 12, 2018 - Thu, Feb 15, 2018
Aster DM Healthcare IPO is a book build issue of ₹980.14 crores. The issue is a combination of fresh issue of 3.82 crore shares aggregating to ₹725.00 crores and offer for sale of 1.34 crore shares aggregating to ₹255.14 crores.
Aster DM Healthcare IPO bidding started from Feb 12, 2018 and ended on Feb 15, 2018. The allotment for Aster DM Healthcare IPO was finalized on Feb 22, 2018. The shares got listed on BSE, NSE on Feb 26, 2018.
Aster DM Healthcare IPO price band is set at ₹190 per share. The lot size for an application is 78. The minimum amount of investment required by an retail is ₹14,820 (78 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,092 shares), amounting to ₹2,07,480, and for bNII, it is 68 lots (5,304 shares), amounting to ₹10,07,760.
Axis Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Aster DM Healthcare IPO RHP for detailed Information.
IPO Open
Mon, Feb 12, 2018
IPO Close
Thu, Feb 15, 2018
Issue Price
₹190 per share
Market Cap (Pre-IPO)
₹9,599.32 Cr
| IPO Date | 12 to 15 Feb, 2018 |
| Listed on | Mon, Feb 26, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹180 to ₹190 |
| Issue Price | ₹190 per share |
| Lot Size | 78 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,15,86,145 shares (agg. up to ₹980 Cr) |
| Fresh Issue | 3,81,57,894 shares (agg. up to ₹725 Cr) |
| Offer for Sale | 1,34,28,251 shares of ₹10 (agg. up to ₹255 Cr) |
| Share Holding Pre Issue | 46,70,69,451 shares |
| Share Holding Post Issue | 50,52,27,345 shares |
| BSE Script Code / NSE Symbol | 540975 / ASTERDM |
| ISIN | INE914M01019 |
Aster DM Healthcare IPO comprises a total issue size of 5,15,86,145 shares. Out of which, 2,57,93,072 (50.00%) are allocated to QIB, 77,37,922 (15.00%) allocated to NII 1,80,55,151 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 2,57,93,072 | 50.00% | NA |
| − Anchor Investor Shares Offered | 1,54,75,843 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,03,17,229 | 20.00% | NA |
| NII (HNI) Shares Offered | 77,37,922 | 15.00% | NA |
| Retail Shares Offered | 1,80,55,151 | 35.00% | 2,31,476 |
| Total Shares Offered | 5,15,86,145 | 100.00% |
Investors can bid for a minimum of 78 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 78 | ₹14,820 |
| Retail (Max) | 13 | 1,014 | ₹1,92,660 |
| S-HNI (Min) | 14 | 1,092 | ₹2,07,480 |
| S-HNI (Max) | 67 | 5,226 | ₹9,92,940 |
| B-HNI (Min) | 68 | 5,304 | ₹10,07,760 |
Aster DM Healthcare IPO raises ₹294.04 crore from anchor investors. Aster DM Healthcare IPO Anchor bid date is February 9, 2018.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Feb 9, 2018 |
| Shares Offered | 1,54,75,843 |
| Anchor Portion (₹ Cr.) | 294.04 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Mar 24, 2018 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, May 23, 2018 |
Incorporated in 1987, Aster DM Healthcare Ltd is Kochi, Kerala based healthcare service provider with operations in GCC states (United Arab Emirates, Oman, Saudi Arabia, Qatar, Kuwait and Bahrain), India and the Philippines. Company’s Indian operations are headquartered in Kochi, Kerala.
Aster DM Healthcare operates in multiple segments of the healthcare industry including hospitals, clinics and retail pharmacies. Company operates hospitals and clinics, pharmacies, diagnostic centers, educational institutions, and healthcare management and healthcare support systems. Company provides healthcare services to patients across economic segments under brand names including "Aster", "Medcare" and "Access".
Aster's healthcare facilities consist of 9 hospitals, 90 clinics and 206 retail pharmacies in the GCC states, 10 multi-specialty hospitals and 7 clinics in India, and 1 clinic in the Philippines as of September 30, 2017. Aster's had 17,408 employees as of September 30, 2017, including 1,417 full time doctors, 5,797 nurses, 1,752 paramedics and 8,442 other employees (including pharmacists).
Aster's hospitals in India are located in Kochi, Kolhapur, Kozhikode, Kottakkal, Bengaluru, Vijayawada, Guntur, Wayanad and Hyderabad and are generally operated under the Aster, MIMS, Ramesh and Prime brands.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/or pre-payment of debt | 564.16 |
| 2 | Purchase of medical equipment | 110.31 |
| 3 | General corporate purposes | 1.52 |
The Aster DM Healthcare IPO is subscribed 1.31 times on February 15, 2018 5:00:00 PM (Day 3). The public issue subscribed 1.18 times in the retail category, 2.1 times in the QIB category, and 0.55 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.1 | 1,03,17,229 | |
| NII | 0.55 | 77,37,922 | |
| Retail | 1.18 | 1,80,55,151 | |
| Total | 1.31 | 3,61,10,302 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs | 23.13 |
| 2 | Selling commission and processing fees for SCSBs | 1.77 |
| 3 | Selling commission and Processing / uploading charges for members of the Syndicate, Registered Brokers, RTAs and CDPs | 2.36 |
| 4 | Fees payable to Registrar to the Offer | 0.75 |
| 5 | Printing and stationery expenses | 2.80 |
| 6 | Advertising and marketing expenses | 7.00 |
| 7 | Others: Listing fees; SEBI, BSE and NSE processing fees; Fees payable to Legal Counsels; and Miscellaneous | 26.56 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹190.00 | ₹190.00 |
| Open | ₹182.10 | ₹183.00 |
| Low | ₹176.45 | ₹176.30 |
| High | ₹187.80 | ₹188.00 |
| Last Trade | ₹179.85 | ₹181.55 |
Lead Manager Reports
Aster DM Healthcare IPO is a main-board IPO of 5,15,86,145 equity shares of the face value of ₹10 aggregating up to ₹980 Crores. The issue is priced at ₹190 per share. The minimum order quantity is 78.
The IPO opens on Mon, Feb 12, 2018, and closes on Thu, Feb 15, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Aster DM Healthcare IPO using UPI as a payment gateway. Zerodha customers can apply in Aster DM Healthcare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aster DM Healthcare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aster DM Healthcare IPO opens on Mon, Feb 12, 2018 and closes on Thu, Feb 15, 2018.
Aster DM Healthcare IPO lot size is 78, and the minimum amount required for application is ₹14,820.
You can apply in Aster DM Healthcare IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Aster DM Healthcare IPO will be done on Thursday, February 22, 2018, and the allotted shares will be credited to your demat account by Fri, Feb 23, 2018. Check the Aster DM Healthcare IPO allotment status.
The Aster DM Healthcare IPO listing date is on Mon, Feb 26, 2018.
